Is Marion County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marion County is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Marion County has remained a Seller's Market.

Key Takeaway

Marion County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Marion County, IN

How much do homes in Marion County, IN cost?

Median Sold Price

$235,020

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$48(0.0%)

Key Takeaway

The sold price of homes in Marion County has remained the same since last year.

Summary: The median home sold price in Marion County was $235,020 in February 2024, the same as last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $149.4K$163.7K
+9.6%
2 $170K$178.3K
+4.9%
3 $229.9K$229.9K
0.0%
4 $308.2K$300K
-2.6%
5+ $434.3K$406.5K
-6.4%

Summary: Marion County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 4.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 6.4%.

Median Sold Price Compared To Nearby Counties

Hamilton County
+5.2%
Johnson County
+3.1%
Hendricks County
+0.7%
Hancock County
+0.6%
Marion County
0.0%

Housing Supply in Marion County, IN

How many homes are available in Marion County, IN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3,0603,264+6.7%

Summary: The Marion County real estate market had 3,264 homes for sale in February 2024, a 6.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 4658
+26.1%
2 688756
+9.9%
3 1,4491,568
+8.2%
4 678693
+2.2%
5+ 199189
-5.0%

Summary: The Marion County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.1%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
635762+20.0%

Asking Price vs. Sold Price

465 Homes Were Sold
Under Asking

162 Homes Were Sold
At Asking

135 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marion County, you may be able to get a good deal. 61% of homes here sold below asking price last month.

Summary: A total of 762 homes were sold or pending in Marion County in February 2024, up by 20.0% month-over-month. Of the 762 sold homes, 61% were sold under asking, 21% were sold at asking, and 18% were sold over asking.

Days on Market for Marion County, IN

How long does it take to sell a home in Marion County, IN?

Average Sale Time

Feb 2023Feb 2024CHANGE
53 Days57 Days+6.5%

Summary: Homes in Marion County had an average of 57 days on market in Feb 2024, up by 6.5% compared to last year.

Breakdown of Home Sale Times

395 Homes Were Sold
Under 30 Days

229 Homes Were Sold
In 30 - 90 Days

134 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Marion County are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 762 homes were sold in Marion County; 52% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Marion County, IN

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